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| All is well in J&K; economy surging, claims economic survey | | | EARLY TIMES REPORT
Jammu, Mar 5: Economic Survey was tabled by the Finance Minister Abdul Rahim Rather today in both the Houses of legislature is full of positive developments with the State showing marked improvements in all the development parameters.
Gross State Domestic Product (GSDP) of the state is continuously growing. As per new series i.e. 2004-2005, it has grown from Rs. 27004.63 crore to Rs. 47709.31 crore during the period from 2004-2005 to 2010-2011 at current prices, registering an increase of 76.67percent. At constant (2004-2005) prices, the GSDP has risen from Rs. 27004.63 crore to Rs.37886.92 crore during the same period registering an increase of 40.30percent.
Working force in J&K constitutes 37.01percent of total population against the corresponding rate of 39.10percent in the country. State is neck to neck in respect of work force with national rate. Contribution of Primary Sector (Agriculture & allied activities) to the State economy at constant (2004-2005) prices as per advance estimated for 2009-10 has been 22.63percent. The relative share of this sector to GDP at national level for the year 2009-10 has been 16.99percent.
Contribution of Secondary sector to State GDP as per advance estimates for 2009-2010 was 29.55percent against 25.84percent at the national level for the same year. Contribution of Tertiary Sector to State GDP as per advance estimates for 2009-2010 was 47.82percent against 57.17percent at the national level for the year 2009-2010.
Per capita GSDP at constant (2004-2005) prices as per preliminary estimates for the year 2010-2011 was Rs.32496 registering an increase of 5.21percent over per capita GSDP of Rs. 30886 for 2009-2010. The relative per capita income figures for India stood at Rs. 38060 for 2009-2010 and Rs. 36005 for 2008-2009.
Agriculture constitutes an important sector of the State economy as around 70percent of the population of J&K derives its income directly or indirectly from this sector. Agriculture absorbs 49percent of the total working force of the state with 42 percent as cultivators and 7percent as agriculture labourers depending directly on agriculture for their livelihood. Kashmir’s agriculture has an international identity.
Fruit production of the state increased from 16.91 lakh metric tones in 2008-2009 to 17.13 lakh metric tones in 2009-2010, recording an increase of 1.30percent. For the current year, the State expects fruit production of 22.22 lakh metric tones to register notable increase of 29.71 percent over previous year’s production figures.
Out of total fruit production for 2009-2010, 15.35 lakh tones constituting 90percent was fresh fruit and the remaining 10percent dry fruit. In the fruit production figures share of apple accounted for 86.17percent and walnut with 9.64percent share, is the next major fruit. As per provisional estimates of 18th livestock census 2007, total livestock population in the State has increased from 98.99 lakh in 2003 to 104.73 lakhs in 2007, registering an increase of 5.8percent.
Exports of handicrafts have also maintained upward trend during the years. Handicraft goods valuing Rs. 1200.00 crore were exported during year 2007-2008. However, there was a decline in export sales to Rs. 705.50 crore during the year 2008-2009, which further declined to Rs. 661.27 crore during 2009-2010. Teacher pupil ratio at primary level in the State in 2008-2009 was 128 against 45 in 2006-07 at the national level.
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